The Government’s proposal to adjust Article 60 of the 2014 SocialInsurance Law has received mixed opinions from both workers and NationalAssembly (NA) deputies.
The new law would requireall workers to wait until retirement age – 60 for men and 55 for women -to receive their insurance payments in the form of monthly pension.However, some workers wished to collect a lump-sum payment of theirsocial insurance coverage when they quit working before the retirementage.
The Government has proposed letting workers choose the form of payment themselves.
At the group discussions on the issue on May 22, the third working dayof the NA’s ninth session, deputies Nguyen Bac Son and Chu Son Ha fromHanoi said a great number of labourers are working in the non-Statesector where wages are low and jobs are not stable. Therefore, many ofthem tend to work for some years only to accumulate some money.
Legislators Nguyen Thanh Hong from Binh Duong and Do Thi Hoang fromQuang Ninh, however, said the Article is aligned with the Party andState 2015 goal of providing social insurance coverage for half ofworkers, so that they can have stable income in old age.
A majority of legislators and politicians, including Minister ofLabour, Invalids and Social Affairs Pham Thi Hai Chuyen, said moreeducational campaigns should be conducted to help workers understand thepros and cons of both options with the view of having more labourerschoose to receive pensions when they retire.-VNA
The new law would requireall workers to wait until retirement age – 60 for men and 55 for women -to receive their insurance payments in the form of monthly pension.However, some workers wished to collect a lump-sum payment of theirsocial insurance coverage when they quit working before the retirementage.
The Government has proposed letting workers choose the form of payment themselves.
At the group discussions on the issue on May 22, the third working dayof the NA’s ninth session, deputies Nguyen Bac Son and Chu Son Ha fromHanoi said a great number of labourers are working in the non-Statesector where wages are low and jobs are not stable. Therefore, many ofthem tend to work for some years only to accumulate some money.
Legislators Nguyen Thanh Hong from Binh Duong and Do Thi Hoang fromQuang Ninh, however, said the Article is aligned with the Party andState 2015 goal of providing social insurance coverage for half ofworkers, so that they can have stable income in old age.
A majority of legislators and politicians, including Minister ofLabour, Invalids and Social Affairs Pham Thi Hai Chuyen, said moreeducational campaigns should be conducted to help workers understand thepros and cons of both options with the view of having more labourerschoose to receive pensions when they retire.-VNA
